Review the toilet paper supply & demand curve for March shown below. Notice the new demand curve (D2). Look at the February demand curve (D1), and the March demand curve (D2). When the demand curve shifted to the right, did toilet paper demand increase, decrease, or stay the same? What do you think caused that shift in demand?
Review the toilet paper supply & demand curve for March shown below. Notice the new demand curve (D2). Look at the February demand curve (D1), and the March demand curve (D2). When the demand curve shifted to the right, did toilet paper demand increase, decrease, or stay the same? What do you think caused that shift in demand?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Review the toilet paper supply & demand curve for March
shown below. Notice the new demand curve (D2). Look at the
February demand curve (D1), and the March demand curve
(D2). When the demand curve shifted to the right, did toilet
paper demand increase, decrease, or stay the same? What do you
think caused that shift in demand?
Y axis
(PRICE)
$4.50
$3.50
s1
$2.50
$1.50
D2
D1
X axis
(QUANTITY)
10,000
20,000
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